St Albans District

Credit Union

Your Community Bank For all your savings

and loans needs

About Us

Credit Unions are not for profit community banks which are owned and run by their members for the benefit of their members  The St Albans District Credit Union is run entirely by local volunteers.


Any one who lives and/or works in Hertfordshire is eligible to apply for membership of the St Albans District Credit Union. At the end of 2012 the St Albans and District Credit Union had 880 full members and 420 junior members.

Is my money safe?

Credit Unions are regulated by law. The St Albans District Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) and members’ savings are protected (currently up to £85,000 but the limit will be amended to £75,000 from 1 January  2016). by the Financial Services Compensation Scheme in common with any bank/building society.  Maximum savings in St Albans District Credit Union  is capped at £15,000 for each member or account.

Is there a return on my money?

Credit Unions are financed largely by interest/charges on loans made to members.  Any surpluses after payment of expenses, are used to build reserves or may be distributed to members as a dividend.

Collection of funds

Local customer centres have been established within the District for the convenience of members and to supplement the main office in Hatfield Road, St Albans.  Deposits may also be made via bank standing orders and from payroll deductions.  Each member is issued with a pass book showing deposits and withdrawals.

Need a Loan?   

Access a loan

at a fair rate of interest